CMST 1A03 Study Guide - Final Guide: Otterville, Ontario, Media Create, Bsc Young Boys

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Completed his ph. d. in political economy at the university of chicago. Major innovation: people inhabit both a symbolic and a material environment. Also live in a world of ideas and perceptions. This means there are two economies, two types of goods/commodities: one is real: cars, pencils, shirts, other is ideas: Weren"t a lot of virtual properties at the time internet, radio, electronics no media that was virtual at the time. There were only copyright, patents, ideas the world of those ideas was a parallel world in which we lie alongside the material world. The powerful infrastructure of that world isn"t the roads, buildings of the material world economy but rather the highways of the mind. Economic conduits bringing valuable ideas and symbolic commodities eg. phone conversation is part of symbolic economy by exchanging intellectual ideas. Virtual / digital = representing the material world in our mental environment.

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